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Paramount Group celebrates 20 years of growth, development with new acquisitions, diversified, advanced solutions

[Johannesburg, 8 September 2014] - Paramount Group, Africa's largest non-government-owned defence and aerospace manufacturer, today revealed significant expansion plans through acquisitions in its naval and aerospace businesses. This expansion is in line with Paramount Group's vision of becoming an African-based global player in this highly competitive sector.

These acquisitions are aligned with other recent acquisitions to create a much larger, more diversified and more integrated organisation, moving Africa up the value chain and further leading defence and aerospace innovation with a focus on platforms and systems.

Ivor Ichikowitz, executive chairman of Paramount Group, says the growth and development of the group, as it celebrates its 20th anniversary, is coinciding with Africa's rise and the continent's presence in the global economy.
[Full Story.]
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Last updated : 8 September 2014


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